Unpopular Bitcoin

My last post talked about unpopular opinions.

Bitcoin has had an interesting life of being unpopular. I first heard about bitcoin around 2013 and more when the Mt. Gox hack happened and was heavily reported in 2014.

I remember specifically thinking that bitcoin was garbage back then as the price was taking a nosedive.

Then I largely forgot about bitcoin as I focused on other things in life, namely my family and career.

It wasn’t until years later that I started looking into the topic of bitcoin again. I read a few articles, and then a few books, then podcasts and videos. I started consuming a lot of information on the subject and I realized the value proposition bitcoin brings to the table. I think this sentence states it concisely:

Bitcoin is a fungible, immutable, decentralized, non-sovereign, scarce, global, digital store of value and medium of exchange.

It took me a while to understand what all that meant and why it is important. I had to change my way of thinking. I had to be willing to be wrong about my initial assessment. I had to be open to new thoughts and ideas about bitcoin.

You may choose to never understand what all that means, and that is okay. Bitcoin will never be popular with everyone. It’s not my job to convince you one way or the other on bitcoin.

This article is not actually about bitcoin. It’s about being open to ideas and being willing to change.

But, I do think it’s days of being unpopular are shortly numbered. At least that’s my opinion.

KRB

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